Jun. 18 at 1:00 PM
$LAB took a flyer on this. Core thesis: LAB shareholders are buying into Treeline at a meaningful discount to the negotiated deal value, with Standard BioTools contributing about
$450M of net cash, the combined company expected to have >
$900M cash, and legacy LAB holders expected to own about 16% of the combined Treeline company. The combined company is expected to operate as Treeline Biosciences after close.